NEW DELHI, Sept 22 (Reuters) – Sri Lanka’s President Ranil Wickremesinghe held talks with foreign diplomats on debt restructuring and the International Monetary Fund programme, the island nation’s government said in a statement on Thursday.
Sri Lanka Tourism will continue to expand its Bi lateral and cultural ties with its Indian counterparts by venturing into a series of Road Shows in key Indian cities from 26th -30th September 2022. The first road show will be held at the Taj Palace Hotel in New Delhi on 26th September followed by heading…
Bloomberg – Sri Lanka will ensure equity among its creditors, according to people with knowledge of the matter, as authorities prepare to share their plan to restructure debt and unlock a $2.9 billion loan from the International Monetary Fund. The South Asian nation’s Finance Ministry will hold a virtual presentation for external creditors at 8…
Colombo Dockyard PLC (CDPLC) On 21st September 2022 delivered “Misje Vita”, 5000DWT EcoBulk Carrier built for Misje Eco Bulk AS, Norway (Misje). CDPLC signed and executed shipbuilding contracts with Misje Eco Bulk AS (Misje) a Norwegian company, a fully owned subsidiary of Kåre Misje & Co in March 2020 for four vessels and in December…
Tea Producers Can Access Real-Time Data, Value & Grade Teas and View Business Intelligence Reports OKLO Private Limited, a leading Sri Lankan solutions provider for the Ceylon Tea e-Auction platform, recently added an all-new segment for factories in its SmartAuction platform. This new feature provides over 650 factories with the chance to value and grade…
The overall rate of inflation as measured by NCPI on Year-on-Year basis is 70.2% in August 2022 and inflation calculated for the July 2022 was 66.7%. With respect to August 2021, the Reported inflation for the month of August 2022 was mainly due to the higher price levels prevailed in both food and non-food groups….
SriLankan Airlines partners with the Bank of Ceylon (BOC) and reaches a new milestone in mobile technology and payments at the airline’s cargo terminal in Katunayake with the introduction of the BOC SmartPay mobile platform facility. The BOC SmartPay is a digital payment solution that is designed to deliver greater convenience and security for customers’…
PETALING JAYA: Malaysian government has agreed to bring in 10,000 migrant workers from Sri Lanka in view of the South Asian country’s economic crisis. Human resources minister M Saravanan said the Sri Lankan government had made an official request to supply migrant workers to Malaysia. He said the decision to accept the workers was one…
Reuters – India said on Tuesday it had begun talks with Sri Lanka on restructuring its debt and promised to support the crisis-hit neighbour mainly through long-term investments after providing nearly $4 billion of financial aid. Sri Lanka, a tourism-dependent South Asian country of 22 million, is struggling with its worst economic crisis in more…
Instructions from the Minister of Ports and shipping to expand the role of institutions falling under the Ministry The Minister of Ports, Shipping and Aviation Hon. Nimal Siripala de Silva gave instructions to the relevant officials yesterday (20), in Parliament, to expand the operations of the Sri Lanka Ports Authority and other institutions under the…
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